Category Archives: News

Cascading Middle East conflicts have pushed fuel prices to records, with European gas reserves at their lowest in over a decade heading into winter.Seven months after the United States and Israel launched airstrikes against Iran, the resulting closure of the Strait of Hormuz has grown into what analysts are calling the largest physical supply disruptionContinueContinue reading “Europe faces second energy crisis as Hormuz closure batters global fuel supply”

The European Union has proposed a new rating system that would classify data centers in Europe based on their energy and water consumption, as Brussels looks to expand computing capacity without worsening pressure on power grids and water supplies.The plan comes as the bloc seeks to triple its data center capacity over the next sevenContinueContinue reading “EU proposes energy rating for data centers”

Flights from British airports resumed early on Wednesday after a major air traffic control failure disrupted operations across the UK, though airports warned it would take time for schedules to return to normal.The outage, which lasted for several hours on Tuesday, led to the cancellation of more than 1,000 flights and left hundreds of thousandsContinueContinue reading “British airports resume flights after major NATS air traffic control failure”

Denmark must begin developing the framework for its next generation of offshore wind now to avoid a multi-year gap in development after North Sea South and Energy Island Bornholm.Green Power Denmark said preparations for upcoming tenders should start immediately, as land-use planning, environmental assessments, international agreements and new procurement models can take several years toContinueContinue reading “Denmark urged to draw up long-term offshore plan”

Spain is slowing the pace of its nuclear phase-out as policymakers confront rising energy uncertainty, stronger calls for supply security, and renewed debate over the role of atomic power in the country’s electricity mix.The biggest recent shift is the decision to extend the Almaraz nuclear plant’s operations until June 2030. That move pushes back theContinueContinue reading “Spain Slows Nuclear Phase-out Amidst Energy Turbulence”

MSC and CMA CGM are among the liners raising surcharges as the major waterway continues to monitor water levels and adjust water draft restrictions.Ocean carriers are raising surcharges as the Panama Canal continues to take precautionary measures in case of a drought.The Panama Canal has been implementing water-saving measures to prepare for potential weather impactsContinueContinue reading “Panama Canal continues draft restrictions, ocean carriers up fees”

Virgin Trains has moved closer to launching a new fleet of international high-speed services from London St Pancras after receiving regulatory approval to access the HS1 network.The Office of Rail and Road (ORR) announced that it had pre-approved a framework track access agreement between HS1 Limited, trading as London St Pancras Highspeed, and VTE OPCOContinueContinue reading “Virgin secures track access for international services from London St Pancras”

 In an effort to diversify its holdings in the highly competitive militarized surveillance space, data analytics firm Palantir announced earlier that it had acquired the Pentagon for $800 billion. “After months of negotiating, I am thrilled to announce that the U.S. government has accepted our terms and agreed to sell us the Department of War,”ContinueContinue reading “Palantir acquires Pentagon for $800 billion: military now under command of software developer”

For FIFA, bigger is better.As the 2026 World Cup drew to a close on Sunday with Spain’s 1-0 win over Argentina, FIFA emerged just as victorious as the Spaniards. The global soccer governing body came away with over $9 billion in revenue from the tournament, by far the most lucrative tournament in World Cup history.MuchContinueContinue reading “2026 world cup nets FIFA $9 billion, the most lucrative sporting event in history”

Big Four firm KPMG is preparing to slash hundreds of jobs and reduce partner pay by up to 20 per cent, as the fallout from the audit leaks scandal continues.⁠⁠Senior leaders at KPMG Australia, which has about 9000 staff and 700 partners, are scrutinising client bookings to gauge the scale of the hit to itsContinueContinue reading “KPMG prepares to cut hundreds of staff amid leaks scandal”